bubble83
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Activity: 72
Merit: 10
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June 17, 2015, 10:42:04 PM |
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It's kind of fun watching the manipulator play with all of the traders like this. Talking about the bidwall as if it was real, and now that sell wall as if it's real. If it wasn't for the fact that Bitfinex does leverage its order book chart would look identical to Bitstamp's. How much would it cost to put up a giant 20k wall like the buy wall that just got pulled? |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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June 17, 2015, 10:51:12 PM |
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61.8 %
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Cconvert2G36
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June 17, 2015, 10:52:59 PM |
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 Whoosh! Lol, party's over, whale flipped the manip switch. |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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June 17, 2015, 10:53:17 PM |
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It's kind of fun watching the manipulator play with all of the traders like this. Talking about the bidwall as if it was real, and now that sell wall as if it's real. If it wasn't for the fact that Bitfinex does leverage its order book chart would look identical to Bitstamp's. How much would it cost to put up a giant 20k wall like the buy wall that just got pulled? 20,000 coins using 3x leverage... Need something like 6667BTC to borrow the remainder. So you could flash that wall with 6667BTC + whatever to cover borrowing costs, or ~1.6MM. It's entirely possible, and I'm not sure that it's been discussed to any length, that the bid (and ask?) wall(s) are predominantly borrowed money. |
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Norway
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June 17, 2015, 10:54:03 PM |
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61.8 %
I don't get it, empowering. 61.8 % of what? Tell me! |
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ChartBuddy
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 17, 2015, 10:57:14 PM |
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Dilla
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June 17, 2015, 10:58:13 PM |
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Uhhhh
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cyclotronmajesty
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June 17, 2015, 11:19:35 PM |
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Quite the volatility eh?
There was defiantly a bull trap up there in the 250s ... They had a price wall up, and they took it down... that made me think there was buying action going on... actually they just moved the wall up so that fooled me. =/ All my profit from 232 is now gone. Now i'm loosing money again.
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dropt
Legendary
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Activity: 1512
Merit: 1000
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June 17, 2015, 11:19:59 PM |
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20,000 coins using 3x leverage... Need something like 6667BTC to borrow the remainder. So you could flash that wall with 6667BTC + whatever to cover borrowing costs, or ~1.6MM.
It's entirely possible, and I'm not sure that it's been discussed to any length, that the bid (and ask?) wall(s) are predominantly borrowed money.
We would see increase/reduce is swaps... or? I don't trade leverage, so I can't comment with certainty. But I believe that bfxdata.com only shows that swaps were taken, not that they were actually used in any capacity. So if I had 1.6MM+ I could borrow the remaining funds, but not actually place a limit or market order. I could borrow every single coin there is to borrow (as long as I can pay the interest) but not actually sell them. Effectively bfxdata would show that those funds had been lent out, but we wouldn't know that they were used until we could correlate the swap against buys/sells. If someone knows otherwise, hopefully they can speak up. |
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galdur
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June 17, 2015, 11:25:27 PM |
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Interesting volume. Just what the doctor has been ordering for over a year. Maybe this has some legs, we´ll have to see what we´ll see. Good luck, g  |
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nioc
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Activity: 1624
Merit: 1008
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June 17, 2015, 11:31:48 PM |
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61.8 %
I don't get it, empowering. 61.8 % of what? Tell me! I can't believe you don't know this magic number. |
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Norway
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June 17, 2015, 11:45:18 PM |
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Ahh, I get it. I hope it was a joke by empowering. (Too many people here that believe in TA, lol!) |
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Fakhoury
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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June 17, 2015, 11:46:58 PM |
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How is this related to Bitcoins, gentlemand ? |
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Norway
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June 17, 2015, 11:49:38 PM |
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How is this related to Bitcoins, gentlemand ? It's not. Only if you believe math is a religion, not a tool  EDIT: And don't mind CryptoPolice, Fakhoury. He is a troll. Just click "ignore" like I just did, buddy |
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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June 17, 2015, 11:52:19 PM |
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How is this related to Bitcoins, gentlemand ? It's not. Only if you believe math is a religion, not a tool Then why did empowering said it when it's not in the context ? |
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gentlemand
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Activity: 2590
Merit: 3014
Welt Am Draht
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June 17, 2015, 11:52:39 PM |
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How is this related to Bitcoins, gentlemand ?
Aw man. I dunno. You need a Technical Analysis advocate. I'm most definitely not sold on the whole concept. In essence it charts predictable levels of support or resistance in the price movement. The inventor was born around 850 years ago which maybe says it all. |
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chriswen
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June 17, 2015, 11:53:48 PM |
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Okay finex asks are extremely thick. Though we all know last time they were pulled. Hopefully we found some good support in the 245 level. If we break that it won't be good short term.
I think its time to test the ask walls.
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klee
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Activity: 1498
Merit: 1000
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June 17, 2015, 11:55:09 PM |
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Okay finex asks are extremely thick. Though we all know last time they were pulled. Hopefully we found some good support in the 245 level. If we break that it won't be good short term.
I think its time to test the ask walls.
China awakes and does not give a flying fuck on Finex walls... |
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